CreditEase, a China based peer to peer lending platform, has been recognized for its Fintech venture fund by a CB Insights report. According to the report, the CreditEase Fintech Investment Fund is number three in the world when it comes to ranking the most active Fintech VCs in the world.
While CreditEase started life as an online lender, the company has morphed into a Fintech conglomerate providing robo-advisory services, crowdfunding, Insurtech and more. Additionally, CreditEase, and their Wealth Management Fund of Funds, is a limited partner in many Fintech VCs.
Founded in early 2016, CreditEase Fintech Investment Fund maintains around $ 1 billion in committed capital in both RMB and US Dollars. To date, the Fund has invested in over 45 Fintech firms globally, with China and the United States as the primary investment markets.
CreditEase says that five of their investments have achieved Unicorn status. These include: Funding Circle (UK), Dasouche (China), Tiger Brokers (China), TradeShift (US) and an unnamed cryptocurrency firm.
The Fund invests in five subcategories within Fintech: Lending, Payments, Personal Finance / Wealth Management, Enterprise Solutions, and Insurtech.